Allkem Limited advised that Mr. Martin Rowley has retired from the role of Chair and as a director of Allkem from the close of the 2022 Annual General Meeting (AGM) which was held on 15 November 2022. Mr. Rowley leaves the Company in its strongest position ever having initiated and led the successful implementation of the merger between Galaxy Resources and Orocobre Limited to create Allkem. Allkem has a world class asset portfolio and following the record production and financial results of FY22 is positioned for significant growth into the future as a global supplier of lithium chemicals.

Mr. Rowley has the unique distinction of being instrumental in the creation of two major resources companies during his career. Martin was co-founder in 1996 of major copper company First Quantum Minerals Ltd. While an executive director of First Quantum he recognized early the future of the lithium sector becoming Chair in 2009 of Lithium One Inc. which at that stage had secured interests in the Sal de Vida and James Bay assets. He then became Chair of Galaxy Resources after it merged with Lithium One, adding the Mt Cattlin spodumene mine to the asset portfolio.

Mr. Rowley oversaw significant growth in Galaxy and its assets ultimately resulting in the successful merger of equals with Orocobre in 2021. Since the time of his appointment as Chair of Lithium One market capitalisation has grown from CAD 20 million to over AUD 10 billion as he now retires as Chair of Allkem.